Can both wife and husband contribute 5500+5500 for Roth IRA?

[Db2]

We are filing jointly. Can we contribute each 5500.00, so the total contribution is 11000 for 2013 if we are within the limits for full contribution?

[MartinW]

Hi,

Both husband and wife can contribute $5,500 for each person if they are earning at least $11,000 in taxable compensation. The combined contributions can be as much as $11,000.

I’ve included a link to the IRS website for your reference:

http://www.irs.gov/Retirement-Plans/Plan-Participant,-Employee/Retirement-Topics-IRA-Contribution-Li...

I hope this resolves your question. If you need further help with this issue, please respond to this post.

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